Live Cattle futures reverse lower despite record 260 cash trade. 5/14/26

Live Cattle futures experienced a reversal, settling lower despite a strong cash market where packers paid up to 265 and the 5-area average price reached a record 259.92. The June contract dropped 72 cents, while boxed beef prices stabilized. In the background, August Feeder Cattle futures took a heavier hit, settling $2.92 lower as the market monitors an outbreak of New World screwworm in northern Mexico nearing the U.S. border, raising concerns for feeder and calf markets. Meanwhile, June Lean Hog futures slipped below the 100 mark following a weekly export sales report that indicated softer international demand, with pork net sales down 32% and beef sales dropping 25% from the prior week. Learn more about trading futures and options at CME Group: https://www.cmegroup.com/markets/agriculture.html #LiveCattle #LeanHogs #Commodities